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Competition may not function well where technology calls for large and complex investments, as in the electrivity industry where public utilities often provide service. This book presents economic welfare foundations for the purpose of evaluating how well, from a social point of view, an enterprise performs when competition is unable to function. Problems with existing institutions are emphasized. Topics treated include welfare measures and their uses in peak-load pricing, second-best pricing, and income distribution. Professor Sherman covers public choice difficulties of government intervention, and describes problems with incentives in statutory monopolies and efforts to overcome them through the study of principal-agent relationships. Contestability and sustainable prices are also discussed, as well as effects of uncertainty and imperfect information.

Monopolies --- Welfare economics --- Monopoles --- Economie du bien-être --- Government policy --- Politique gouvernementale --- Economie du bien-être --- Concurrence --- Entreprises publiques --- Business, Economy and Management --- Economics --- Monopolies - Government policy --- Welfare economics. --- Government policy. --- Economic policy --- Social policy --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Engrossing --- Forestalling --- Commercial crimes --- Trade regulation --- Competition --- Monopolistic competition --- Monopsonies --- Restraint of trade --- Trusts, Industrial --- Etat --- Monopole --- Regulation --- Tarification

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Monopolies --- Telecommunication --- Electric communication --- Mass communication --- Telecom --- Telecommunication industry --- Telecommunications --- Communication --- Information theory --- Telecommuting --- Combinations in restraint of trade --- Commercial corners --- Corners, Commercial --- Engrossing --- Forestalling --- Commercial crimes --- Trade regulation --- Competition --- Monopolistic competition --- Monopsonies --- Restraint of trade --- Trusts, Industrial --- Deregulation --- Law and legislation --- Deutsche Bundespost. --- DBP --- Germany (West). --- Germany (Federal Republic, 1949- ).

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Tax law --- Social security law --- 351.713 --- 351.84 --- Sociale zekerheid 368.4 --- Arbeidsmarkt 331.52 --- Belastingen 336.2 --- Internationaal (100) --- #SERV: inv. Leuven --- 09.02.a --- Fiscaal recht. Belastingsrecht. Overheidsfinancien. Belastingswezen--z.o.{336.2} --- Sociaal zekerheidsrecht. Sociaal bestuursrecht. R.S.Z.--(sociale verzekering zie {369}) --- Sociale verzekering Nederland Algemeen --- Antitrust law --- Restraint of trade --- 351.84 Sociaal zekerheidsrecht. Sociaal bestuursrecht. R.S.Z.--(sociale verzekering zie {369}) --- 351.713 Fiscaal recht. Belastingsrecht. Overheidsfinancien. Belastingswezen--z.o.{336.2} --- 351.82*6 EC --- -Antitrust law --- -347EU.776 --- 347.776 <4-15> --- Combinations in restraint of trade --- Restrictive trade practices --- Trade, Restraint of --- Trade practices, Unfair --- Unfair trade practices --- Mededingingsrecht. Kartelrecht--EC --- 351.82*6 EC Mededingingsrecht. Kartelrecht--EC --- Sociale verzekering ; Nederland ; Algemeen --- 347EU.776 --- Economic law --- European Union --- Social security taxes --- Sécurité sociale --- Tax exemption --- Impôt --- Social security --- Sécurité sociale --- Double taxation --- Double imposition. --- Taxation --- Droit fiscal international --- Cotisations --- Exemptions --- Law and legislation --- Droit --- Comparative law --- Droit comparé